Luxembourg posted a current account gap of EUR 560 million in the fourth quarter of 2018, compared to a EUR 728 million surplus in the corresponding period of the previous year. The services surplus narrowed to EUR 5,704 million from EUR 6,101 million a year earlier. In addition, the primary income deficit increased to EUR 5,350 million from EUR 4,511 million while the secondary income gap rose to EUR 341 million from EUR 230 million. Meanwhile, the goods shortfall decreased to EUR 574 million from EUR 632 million in the last quarter of 2017. Current Account in Luxembourg averaged 629.21 EUR Million from 1995 until 2018, reaching an all time high of 3148.90 EUR Million in the third quarter of 2015 and a record low of -2073.70 EUR Million in the second quarter of 2015.
Current Account in Luxembourg is expected to be -470.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Luxembourg to stand at 1370.00 in 12 months time. In the long-term, the Luxembourg Current Account is projected to trend around 1400.00 EUR Million in 2020, according to our econometric models.